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Cable Update (GBPUSD)

  • #81,621
  • Aug 12, 2008 3:27am Aug 12, 2008 3:27am
Up
  • #81,622
  • Aug 12, 2008 3:28am Aug 12, 2008 3:28am
Quoting nAVIN2007
i think it the otherway round bro..oil on monthly like tone showe us had a BEOB (BEARISH OUTSIDE BAR).it was oil droping that aded strength to dollar not quite the other way round...oil is a very powerfull comodity.

if i am wrong in this please feel freee to correct me ...

salah how are u brother
yeah bro i hear u but dont use charts on oil (thats suicide)
its strictly fundies and politics

now oil if u noticed should be much higher because of russia georgia war but because of dollar strength it managed to keep it under 115

u c my point
i mean if dollar was weak oil should have been in the high 20s by now

anyway im good bro glad to be back to the thread that taught me a lot especially u guys
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,623
  • Aug 12, 2008 3:30am Aug 12, 2008 3:30am
Droped out ther at BE .lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,624
  • Aug 12, 2008 3:33am Aug 12, 2008 3:33am
Quoting AmeriTrini
Cable just broke last yrs low, I closed my long for -650 pips. I learned my lesson, however I live to trade another day!!!!.
very sorry to hear this my friend ....is been the craziest sellof i ever thought i could see..good luck pal for future trades..
  • #81,625
  • Aug 12, 2008 3:33am Aug 12, 2008 3:33am
Quoting Bones
Droped out ther at BE .lol
good cpi numbers
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,626
  • Aug 12, 2008 3:34am Aug 12, 2008 3:34am
CPI Actual > Forecast = Good for GBP

So, what is this mess????
  • #81,627
  • Aug 12, 2008 3:34am Aug 12, 2008 3:34am
yes good cpi, good datas but downnn
  • #81,628
  • Aug 12, 2008 3:35am Aug 12, 2008 3:35am
Quoting JgrB
CPI Actual > Forecast = Good for GBP

So, what is this mess????

dont fight the trend people used cpi number as a good entry to sell from the top
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,629
  • Aug 12, 2008 3:38am Aug 12, 2008 3:38am
Quoting JgrB
CPI Actual > Forecast = Good for GBP

So, what is this mess????

danger....we have to accept that this cable isnt tradable for long at least till one bullish candle appear on dailly..it will always be a gamble...how far away is the floor???? i gave up and now actually very happy i exited.i think i certainly would have blown account
  • #81,630
  • Aug 12, 2008 3:39am Aug 12, 2008 3:39am
Quoting JgrB
CPI Actual > Forecast = Good for GBP

So, what is this mess????
Most likely the market was expecting even better numbers. Traders don't seem to be too impressed with CPI of 4.4%.
  • #81,631
  • Aug 12, 2008 3:44am Aug 12, 2008 3:44am
fight between bull and bear
  • #81,632
  • Aug 12, 2008 3:46am Aug 12, 2008 3:46am
Shes going down like a pro.
Don't Get Bitter, Get Better
  • #81,633
  • Aug 12, 2008 3:47am Aug 12, 2008 3:47am
Quoting salah k.
yeah bro i hear u but dont use charts on oil (thats suicide)
its strictly fundies and politics

now oil if u noticed should be much higher because of russia georgia war but because of dollar strength it managed to keep it under 115

u c my point
i mean if dollar was weak oil should have been in the high 20s by now

anyway im good bro glad to be back to the thread that taught me a lot especially u guys
thanks bro....we all learn from one another and i for sure learned a hell of a lot from u..glad to here u good bro..
  • #81,634
  • Aug 12, 2008 3:48am Aug 12, 2008 3:48am
Quoting nAVIN2007
danger....we have to accept that this cable isnt tradable for long at least till one bullish candle appear on dailly..it will always be a gamble...how far away is the floor???? i gave up and now actually very happy i exited.i think i certainly would have blown account
I agree and that's why I'm out for a while. As a wise man once said to me "don't try to pick bottoms, otherwise you'll get smelly fingers"

As for the discussion over whether oil is leading dollar or vice versa, I think in recent days it has been oil following on from the dollar. However, in recent months, determining which is the leading force is much like wondering what came first, a chicken or the egg.

As for gold, I believe this rarely, probably never, leads the dollar's movements.
  • #81,635
  • Aug 12, 2008 3:49am Aug 12, 2008 3:49am
theres no fight between bull and bear. theres no gamble. the market isnt irrational

you guys just need to short and keep shorting

stop trying to pick the retracement
ull gain a few pips then it suddenly starts dropping again

why is it so difficult for you guys to stop thinking long and start thinking short

this is too funny
  • #81,636
  • Aug 12, 2008 3:49am Aug 12, 2008 3:49am
i am long 1.89798 ...this is not a joke...
its just money
  • #81,637
  • Aug 12, 2008 3:49am Aug 12, 2008 3:49am
this cable is completely going with the trend and only way it going up if BOE place trades...how many bearish candle can a currency see at one go
  • #81,638
  • Aug 12, 2008 3:50am Aug 12, 2008 3:50am
just closed my folking mini lot long for - 190 pips i use to wait something after the good UK news but seem bullshit
this is my 1st loss anyway am happy its nice feeling to close a trade in red
amout for this week
  • #81,639
  • Aug 12, 2008 3:51am Aug 12, 2008 3:51am
Quoting deboooo2005
fight between bull and bear
Bulls are being slaughtered this month, enjoy the feast, sell sell sell!
  • #81,640
  • Aug 12, 2008 3:52am Aug 12, 2008 3:52am
Quoting deboooo2005
fight between bull and bear
a very one sided fight
Trading is 80% Emotional, 20% Technical
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